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Technology Stocks
Block, Inc. (formerly Square)
An SI Board Since June 2019
Posts SubjectMarks Bans Symbol
66 18 0 SQ
Emcee:  AmigaComputer Type:  Unmoderated
Square (stock symbol: SQ) completed its initial public offering on November 19, 2015 on the New York Stock Exchange where it raised gross proceeds of $243 million.

Square is distinctively recognized by their ubiquitous credit card readers that plug directly into mobile phones and tablet devices. They started out as a payment processor platform helping to bridge the gap for non-cash payments at small and medium sized brick-and-mortar retailers so these shops could better compete with larger stores as consumer spending methods continue to shift away from cash.

They have expanded beyond their core non-cash payment origins to host a growing portfolio of banking and other services, which include e-commerce, developing a consumer cash transfer app (Square Cash), built a payroll management cloud-based software service, and launched a lending business.

In 2018, their revenue grew 50% to $3.3 billion. And they also have over $1 billion in cash on hand.

Their well-laid groundwork seems poised for tremendous growth in the coming years as their nascent businesses scale across multiple verticals. Interestingly, many of these verticals have very high margins, which could translate to significant profit growth in the long term.

In other words, Square seems poised to become a very important disruptive player in the financial services markets.

After reading and analyzing related stock market news about them, there are still some concerns, such as, Square's current price-to-sales ratio being presently at 7. Compare that to the S&P 500, which is presently at 2. Relative to other financial-tech firms, however, Square does appear to be financially in line with these others (e.g., Visa and Mastercard are both at 16 of sales).

This board has been created for the purpose of discussing Square’s stock price, future financial prospects, present day results, and the overall merits to its business model within the constantly evolving, very competitive landscape of the fintech industry.

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66Block’s Cash App Hits 53 Million Monthly Active Users, Direct Deposits up 69% BGlenn Petersen-5/5/2023
65Shares of Jack Dorsey’s Block Fall on Short-Seller Report Hindenburg Research rSr K13/23/2023
64Block misses on earnings but beats on revenue, gross profit PUBLISHED THU, FEB Glenn Petersen-2/24/2023
63Shares of Block jump on earnings beat Published Thu, Nov 3 20224:37 PM EDT UpdaGlenn Petersen-11/4/2022
62Block Has Assembled the Right Pieces Shares of the firm behind Square and Cash Glenn Petersen-5/31/2022
61Block Needs to Keep Stacking on Solid Foundation Shares of the fintech company Glenn Petersen15/7/2022
60SQ has lost more than 60% of its value from November last year. I was really peinspbudget-2/26/2022
59Cash App Is King for Block Stock A reacceleration of growth in the payments andGlenn Petersen-2/25/2022
58Square Changes Name to Block, Days After CEO Jack Dorsey Leaves Twitter New namSr K-12/2/2021
57Jack Dorsey’s Square changes corporate name to Block PUBLISHED WED, DEC 1 2021Glenn Petersen112/1/2021
56Square Releases White Paper for Decentralized Bitcoin Exchange Sure, you can buGlenn Petersen-11/21/2021
55Amazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’ RetaiSr K-9/16/2021
54I'm not a fan of Jack Dorsey, but I am bullish on both SQ and TWTR. More soZen Dollar Round-8/9/2021
53Incredibly bullish on SQ as they start to embrace crypto currencies and build thquantinvestor-8/9/2021
52SQ acquiring Afterpay, for $29B wsj.com Article not out yet More later SquarSr K18/1/2021
51Meet the Inner Circle of Square CFO Amrita Ahuja An all-star panel of advisers Sr K-7/24/2021
50look out below !Da Rookie-3/21/2021
49is uptrend intact or at resistance $235 [graphic]2hugo-3/10/2021
48I knew her from Square, but not that about her prior steps. Where Nextdoor’s CESr K-2/27/2021
47Doh ! Not Dough ! Square also announced today that it has purchased approximateDa Rookie-2/23/2021
46And what will one year on bring us ?Da Rookie-2/20/2021
45Double in 6 mo :)Da Rookie-1/14/2021
44Thinking share price being tied to closely to bitcoin, though its made great monDa Rookie-1/11/2021
43Square Capital Chief ResigningDa Rookie-10/5/2020
42Smart move. I think you'll get your wish in the next couple of months. Can&Zen Dollar Round-9/28/2020
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